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20130313
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's plan seeks to reduce taxes and cut government spending. "when they talk about a cut, they're talking about reducing the rate of growth. and that's all ryan's plan will do. i think it's too weak. i think it's not good enough." author of "the free market revolution," yaron brook's criticism of the ryan plan is one you may not have heard before. it is far more likely that you've already listened to a version of this attack from the left. "the ryan plan will shower more tax breaks on millionaires and tilt the playing field to the advantage of big corporate interests" ryan's plan would cut the top tax bracket from 39 to 25 percent and would reduce the corporate tax rate from 35 to 25 percent. it also seeks to slash spending on entitlements like medicare, medicaid and social security in an effort to balance the budget. this republican plan will no doubt set off a new round of petty partisanship in washington, but it's unlikely that democrats will pick up on this new line of attack. "i can promise you it doesn't cut enough to make me happy. and it doesn't reform entitlements enough to make
that would have taxed people's money in the bank. gold continues its climb, while oil had a major sell off. the lead engineer at adobe is reportedly leaving for a job at apple. the software company's stock traded in heavy volume after the close on better-than- expected earnings. meanwhile, williams sonoma reports were up 9% in the latest quarter. larry shover of sfg alternatives joins us for a closer look at the trading day. good to have you on the show as always larry. yesterday, the market had a bit of a turnaround. there was a rebound into the close as news was coming in from cyprus. what do you make of that? > > i make of it that i don't think we are making that big of a deal with cyprus. as long as the sovereign debt markets have access to sovereign debt, to the banking system, something like cyprus, although it is a headline risk, it is not a macro risk that we're used to. also, we had a really good housing number yesterday, confirming that our housing recovery is indeed on its way. > we also are ahead of the fed. i know traders will be closely watching for that statement. do you exp
, was reportedly looking at real estate opportunities on the island. a new law would eliminate taxes on gains from the $9.5 billion he has invested in his own hedge funds. his fund released a statement last friday that indicates he has no plans to permanently relocate. survey says... mark zuckerberg is a top ceo. zuckerberg topped glassdoor.com's list of top ceos of 2013. ceos from sap, mckinsey & company, ernst & young and northwestern mutual rounded out the top five. meanwhile, tim cook slipped from the top spot last year to 18th. employees of the companies vote on their ceo, which means facebook employees really "like" their boss. ceo salaries are under scrutiny as recent filings reveal the earnings of the top brass. according to reports, john stumpf of wells fargo is the highest paid head of a major bank. on the heels of rising profits, his compensation package last year was nearly $23 million. in the automotive sector, ford ceo alan mulally took a pay cut but still made more than his peers at gm and chrysler with $21 million. and in a 25-year-long tradition, warren buffett still makes $100,00
will be confiscated in a tax to bail out the country's finances. in our cover story, that's the scene as the mediterranean island of cyprus faces what its president calls "blackmail" for a bailout. *the run on atms in cyprus was sparked by a controversial deal demanded by the european union. in exchange for a $13-billion bailout to the country, a portion of bank deposit accounts from the poorest pensioners to the richest investors would be confiscated. "some of the banks put cash back in the machines, and soon there were lines around them." it's the first time depositers would pay for a bailout - 6.7% on accounts below the equivalent of $130,000, and 9.9% taken from accounts higher than that. the island nation's parliment is poised to approve or reject it. "i can't imagine parliment passing it. it's anyone's guess what parliment will do." cyprus has become a haven for offshore accounts - moody's estimates as much as half of cyprus' bank deposits - $31 billion - are from russia, much of it suspected to be involved in money laundering, leaving ordinary depositers caught in the middle. "
responsibility in terms of infrastructure but also in terms of reforming our tax code." lew also talked about reducing the deficit in a balanced way while meeting with local business leaders in atlanta. after only two days on the job, pope francis is proving to be a "pope of the people." the pontiff performed his first mass inside the sistine chapel yesterday, with an off-the-cuff homily about the need for compassion - that's after giving up his limo to take the bus and paying his own hotel bill. pope francis is from argentina and is known for his humble lifestyle. among his tasks that await: cleaning up the vatican's finances. "one of the concerns of the church, the governance of the church in the west, is sexual abuse and the finances of the church. in the south, it's what is the role of the church in combating social ills, especially proverty?" kevin stevens of depaul university adds that although men dominate leadership in the catholic church, it's women who carry much of the workload in caring for the congregation and poor. working moms want more. according to pew research, in 2007, 21%
on tax increases and spending cuts. meanwhile, europe is also facing budget friction. this week, members of the european parliament voted against a seven-year budget submitted last month by eu governments. the parliament is asking for more spending on economic growth and more flexibility to move money within the budget. now european government officials and parliament must head back to the drawing board. officials want to finalize the budget by summer. jp morgan chase ceo jamie dimon is not expected to testify on capitol hill this week about the so-called "london whale" trade. instead, the former chief investment officer, ina drew is scheduled to talk, along with other executives. drew was in charge of the uk-based trader known as the london whale for his massive trading positions. the trades caused the bank to lose at least $6 billion last year. a senate subcommittee led by michigan democrat carl levin is investigating the bad trades. the founder of fisker automotive is speeding away from the company. henrik fisker plans to leave the auto-maker due to "major disagreements" with company
Search Results 0 to 5 of about 6